| BELL PEPPERS, FRESH MARKET, TRICKLE IRRIGATED | ||||||
| Kentucky Estimated per Acre Costs and Returns for 2001 | ||||||
| Quantity | Unit | $/Unit | Total | |||
| GROSS RETURNS | ||||||
| Bell Peppers (1 1/9 bushel) | 1100 | box | $ 8.00 | $ 8,800.00 | a,b | |
| VARIABLE COSTS | ||||||
| Production | ||||||
| Plants | 12 | 1000 | $ 50.00 | $ 600.00 | ||
| Lime | 0.5 | ton | $ 12.12 | $ 6.06 | ||
| Fertilizer: 5-10-10 Spread | 12 | cwt | $ 7.50 | $ 90.00 | ||
| Fertilizer: Side Dressing Ammonium Nitrate | 75 | lbs | $ 0.09 | $ 6.75 | ||
| Black Plastic/Drip Lines | 1 | acre | $ 300.00 | $ 300.00 | c | |
| Herbicides | 1 | acre | $ 17.71 | d | ||
| Insecticides | 6 | apps. | $ 67.91 | d | ||
| Fungicides | 3 | apps. | $ 159.70 | d | ||
| Irrigation | 90 | hrs. | $ 0.40 | $ 36.00 | c | |
| Machinery Variable Costs | 1 | acre | $ 35.73 | $ 35.73 | e | |
| Total Preharvest Variable Costs | $ 1,319.86 | |||||
| HARVESTING AND MARKETING | ||||||
| Boxes | 1100 | boxes | $ 1.25 | $ 1,375.00 | ||
| Plastic Disposal | 18 | hours | $ 8.00 | $ 144.00 | ||
| Plastic Disposal Fee | 1 | fee | $ 10.00 | $ 10.00 | ||
| Hired Labor | ||||||
| Harvest | $ 0.75 | box | $ 825.00 | f | ||
| Packing, Grading | $ 1.30 | $ 1,430.00 | ||||
| Marketing Costs (10% of Gross) | 10.0% | gross | $ 880.00 | |||
| Hauling Labor Charge | 10 | hours | $ 8.00 | $ 80.00 | ||
| Hauling Variable Costs | 1100 | boxes | $ 0.07 | $ 77.00 | e | |
| Total Harvesting and Marketing Cost | $ 4,821.00 | |||||
| Interest on Variable Costs | $ 167.87 | |||||
| TOTAL VARIABLE COST | $ 6,308.72 | |||||
| RETURN ABOVE VARIABLE COSTS | $ 2,491.28 | |||||
| FIXED COSTS | ||||||
| Machinery and Equipment | $ 114.63 | e | ||||
| Depreciation on Irrigation System | $ 159.94 | d | ||||
| Taxes on Land | $ 5.00 | |||||
| Insurance | $ 44.00 | |||||
| TOTAL FIXED COSTS | $ 323.57 | |||||
| TOTAL EXPENSES | $ 6,632.29 | |||||
| RETURN TO OPERATOR LABOR, LAND, CAPITAL, & MGT. | $ 2,167.71 | |||||
| Operator and Unpaid Family Labor | 40 | hrs. | $ 8.00 | $ 320.00 | ||
| RETURN TO LAND, CAPITAL, AND MANAGEMENT | $ 1,847.71 | |||||
| a Yield based on USDA season averages and KY historical data | ||||||
| b Price based on USDA season average price received by producers 1995-98 average $19.72/cwt and 1999 average $20.59/cwt | ||||||
| c 2000 UK standard value for trickle irrigation. Startup costs = $1244 for small farm trickle irrigation system | ||||||
| Irrigation costs may vary widely depending on water source; on-farm source is assumed here. | ||||||
| d Pesticide costs based on recommended applications of various products using 2000 UK product costs | ||||||
| e Machinery costs based on 2000 Iowa State estimated machinery costs adjusted to Kentucky and vegetable production | ||||||
| f Based on state budgets with revisions by Kentucky vegetable experts. 1996 Clemson total for harvest/pack: 1.10 | ||||||